Qatar Airways said Wednesday that the groundbreaking agreements it signed in Washington yesterday are valued at over $5 billion.
Qatar Airways and GE Aviation signed multiple agreements on Tuesday for GE engines. As part of the agreements, Qatar Airways selected the GEnx engine to power its 30 new Boeing 787-9 aircraft along with a TrueChoiceTM Flight Hour agreement to cover the maintenance, repair, and overhaul (MRO) of the engines.
Qatar Airways also signed a TrueChoiceTM Flight Hour agreement for MRO services on its GE9X engine fleet that will power 60 Boeing 777X aircraft.
Commenting on the agreements, H.E. Qatar Airways Group Chief Executive Officer Akbar Al Baker said: "Qatar Airways has ambitious plans for the future and we are delighted to have GE beside us as we embark on this journey together. These contracts for the GE engines that will power our Boeing 787-9 and Boeing 777X aircraft further cement the strong relationship between Qatar Airways and GE."
For his part, GE Vice Chairman and GE Aviation President and Chief Executive Officer David Joyce said that Qatar Airways is one of the fastest growing airlines in the world, and GE Aviation is proud to collaborate with Qatar Airways and play a significant role in their growth.
"Yesterday's signing will increase Qatar's GEnx-powered B787 fleet to 60 aircraft and ensure the airlines GEnx and GE9X engines receive the highest level of maintenance and support," he added.
The engine selection and services orders will draw heavily on GE Aviations American manufacturing footprint and many US-based suppliers. GE Aviation employs about 27,000 employees in the US at more than 50 locations in close to 20 states.
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